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Rum Market is expected to generate a revenue of US$ 17.5 Bn by 2032 , surging at a CAGR of 3.9%
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There are many different brands and varieties of rum available to customers, making the rum market a sizable portion of the worldwide alcoholic beverage sector. Rum is made in numerous other nations across the world, although among of the top producers are Cuba, Jamaica, Puerto Rico, and the Dominican Republic.
A variety of factors, such as fluctuating customer tastes and preferences, shifting demography, and changing economic conditions, influence the rum industry. Premiumization has become increasingly popular in recent years as consumers seek out high-end, craft-style rums that feature distinctive flavour profiles.
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Companies Covered in This Report -
Diageo PLC
Pernod Ricard SA
William Grant & Sons Ltd.
Remy Cointreau Group
Westerhall Estate Ltd.
Cayman Spirits Co.
Mohan Meakin Ltd.
Halewood International Holdings PLC
Suntory Holdings Limited
Arehucas
Elements Eight Rum Company Ltd
Bacardi Limited
Edrington
Radico Khaitan Limited
Davide Campari-Milano S.p.A.
Green Tree Distillery
La Martiniquaise
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Rum Market Industry Research by Category
Rum Market By Type : White Rum, Light/Gold Rum, Dark Rum, Spiced Rum
Rum Market By Nature : Organic, Conventional
Rum Market By Sales Channel : Business to Business, Business to Consumer :
Hypermarkets/Supermarkets, Specialty Stores, Online Retail, Others
Rum Market By Region: North America, Latin America, Europe, South Asia & Pacific, East Asia, Middle East & Africa
The rum market is also influenced by various regulatory and trade factors, such as tariffs, import/export regulations, and taxes. Additionally, the industry is subject to environmental and social concerns related to sugarcane production and labor practices.
Overall, the rum market is expected to continue to grow in the coming years, driven by increasing demand from consumers around the world who appreciate the unique flavor and character of this popular spirit.
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The Food & Beverage team at Persistence Market Research provides all the necessary insights and consulting analysis to fulfil the unique business intelligence needs of clients worldwide. With a catalogue of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement
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